Vestmark Advisory Solutions Inc. Has $1.92 Million Stake in Adobe Inc. $ADBE

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Adobe Inc. by 36.8%, acquiring an additional 1,344 shares in the first quarter, bringing their total holdings to nearly $1.92 million.
• Adobe reported better-than-expected earnings, with $5.06 EPS surpassing analyst estimates of $4.97, and a quarterly revenue of $5.87 billion, up 10.6% year-over-year.
• Institutional investors currently own 81.79% of Adobe's stock, indicating strong confidence in the software company's performance.

Vestmark Advisory Solutions Inc. increased its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 36.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,992 shares of the software company's stock after buying an additional 1,344 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Adobe were worth $1,915,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Copia Wealth Management acquired a new stake in shares of Adobe in the 4th quarter valued at $28,000. SWAN Capital LLC bought a new position in shares of Adobe in the 4th quarter valued at $28,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Adobe in the 1st quarter valued at $26,000. HHM Wealth Advisors LLC bought a new position in shares of Adobe in the 1st quarter valued at $30,000. Finally, Bernard Wealth Management Corp. bought a new position in shares of Adobe in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. DA Davidson reiterated a "buy" rating and issued a $500.00 price target on shares of Adobe in a research note on Friday, June 20th. Melius cut Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target for the company. in a research note on Monday, August 11th. Robert W. Baird upped their price target on Adobe from $410.00 to $425.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. UBS Group upped their price target on Adobe from $380.00 to $430.00 and gave the company a "neutral" rating in a research report on Monday, June 9th. Finally, Piper Sandler reduced their price target on Adobe from $600.00 to $500.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $467.58.

Adobe Trading Up 0.8%

Shares of ADBE stock traded up $2.8710 during mid-day trading on Tuesday, hitting $360.1110. The company's stock had a trading volume of 1,735,553 shares, compared to its average volume of 3,781,458. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $587.75. The company has a market cap of $152.76 billion, a PE ratio of 23.07, a P/E/G ratio of 1.68 and a beta of 1.51. The company's fifty day simple moving average is $370.66 and its 200-day simple moving average is $391.57. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its earnings results on Thursday, June 12th. The software company reported $5.06 EPS for the quarter, beating analysts' consensus estimates of $4.97 by $0.09. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.80 billion. During the same period in the previous year, the company posted $4.48 EPS. The firm's revenue was up 10.6% compared to the same quarter last year. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. As a group, equities research analysts expect that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Adobe Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.